Market Overview:
The global heavy duty coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for heavy duty coatings from various end-use industries, such as energy, transportation, municipal and others. In terms of type, the water-based segment is expected to dominate the global heavy duty coating market during the forecast period. This can be attributed to its properties such as environmental friendliness and low VOC emissions.
Product Definition:
Heavy duty coating is a type of paint that is applied to surfaces that are subjected to heavy wear and tear. It provides protection against scratches, chips, and corrosion.
Water-Based:
Water-based coatings are widely used in the construction industry owing to their environment-friendly nature. These products have low VOC content and they do not contain any solvents, unlike solvent-based coatings. Waterborne coating is a type of coating that uses water as a carrier or medium for carrying the paint formulation to the surface being coated.
Solvent-Based:
Solvent-based coatings are widely used in heavy-duty coating applications owing to their ability to provide high build and coverage rates, as well as superior flexibility. They also offer the advantage of lower drying times, which makes them ideal for use on plastic components that are difficult to paint.
The market is expected to grow at a significant rate owing to increasing demand from construction and automotive industries across the globe.
Application Insights:
The energy sector was the dominant segment in 2017 and accounted for a revenue share of over 40%. The growth can be attributed to increasing demand for heavy-duty coatings from the power generation sector. Power generation is one of the major applications where these coatings are used on coal conveyors, cooling towers, heat exchangers, and other equipment.
Transportation is expected to emerge as one of the fastest growing segments over the forecast period owing to rising automotive production across various regions coupled with increasing consumer disposable income levels. In addition, governments across various countries are undertaking initiatives aimed at improving road infrastructure which will further boost product demand in this segment. Other key applications include municipal infrastructure development and industrial manufacturing facilities among others (such as food processing plants).
Regional Analysis:
Asia Pacific dominated the global heavy duty coating market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automotive production, especially in China and India. In addition, growing infrastructure activities coupled with rapid urbanization is also expected to drive product demand over the forecast period.
The Asia Pacific was followed by North America which accounted for a share of 24% in 2017 owing to high automotive production coupled with growing construction sector on account of rising immigration towards urban areas across U.S., Canada, Mexico and other Central & South American countries will have a positive impact on industry growth over the next eight years.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing awareness about the benefits of heavy duty coatings among consumers
- Rising R&D investments by coating manufacturers to develop new and innovative products
- Proliferation of online retail platforms that offer a wide range of heavy duty coatings at competitive prices
- Growing number of coating applicators who are skilled in using advanced technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Duty Coating Market Research Report
By Type
Water-Based, Solvent-Based
By Application
Energy, Transportation, Municipal, Other
By Companies
Evonik, TOA, Chemicar, Continental Coatings, YUNG CHI PAINT & VARNISH, 3M, Teknos, Sealbond
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Duty Coating Market Report Segments:
The global Heavy Duty Coating market is segmented on the basis of:
Types
Water-Based, Solvent-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy, Transportation, Municipal, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Evonik
- TOA
- Chemicar
- Continental Coatings
- YUNG CHI PAINT & VARNISH
- 3M
- Teknos
- Sealbond
Highlights of The Heavy Duty Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water-Based
- Solvent-Based
- By Application:
- Energy
- Transportation
- Municipal
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heavy Duty Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heavy duty coating is a type of paint that is designed to resist scratches, dents, and other damage.
Some of the major players in the heavy duty coating market are Evonik, TOA, Chemicar, Continental Coatings, YUNG CHI PAINT & VARNISH, 3M, Teknos, Sealbond.
The heavy duty coating market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy Duty Coating Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heavy Duty Coating Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heavy Duty Coating Market - Supply Chain
4.5. Global Heavy Duty Coating Market Forecast
4.5.1. Heavy Duty Coating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy Duty Coating Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy Duty Coating Market Absolute $ Opportunity
5. Global Heavy Duty Coating Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heavy Duty Coating Market Size and Volume Forecast by Type
5.3.1. Water-Based
5.3.2. Solvent-Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy Duty Coating Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heavy Duty Coating Market Size and Volume Forecast by Application
6.3.1. Energy
6.3.2. Transportation
6.3.3. Municipal
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy Duty Coating Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heavy Duty Coating Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heavy Duty Coating Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heavy Duty Coating Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heavy Duty Coating Demand Share Forecast, 2019-2026
9. North America Heavy Duty Coating Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heavy Duty Coating Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heavy Duty Coating Market Size and Volume Forecast by Application
9.4.1. Energy
9.4.2. Transportation
9.4.3. Municipal
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy Duty Coating Market Size and Volume Forecast by Type
9.7.1. Water-Based
9.7.2. Solvent-Based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heavy Duty Coating Demand Share Forecast, 2019-2026
10. Latin America Heavy Duty Coating Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heavy Duty Coating Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heavy Duty Coating Market Size and Volume Forecast by Application
10.4.1. Energy
10.4.2. Transportation
10.4.3. Municipal
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy Duty Coating Market Size and Volume Forecast by Type
10.7.1. Water-Based
10.7.2. Solvent-Based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heavy Duty Coating Demand Share Forecast, 2019-2026
11. Europe Heavy Duty Coating Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heavy Duty Coating Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heavy Duty Coating Market Size and Volume Forecast by Application
11.4.1. Energy
11.4.2. Transportation
11.4.3. Municipal
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy Duty Coating Market Size and Volume Forecast by Type
11.7.1. Water-Based
11.7.2. Solvent-Based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1110. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heavy Duty Coating Demand Share, 2019-2026
12. Asia Pacific Heavy Duty Coating Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heavy Duty Coating Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heavy Duty Coating Market Size and Volume Forecast by Application
12.4.1. Energy
12.4.2. Transportation
12.4.3. Municipal
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy Duty Coating Market Size and Volume Forecast by Type
12.7.1. Water-Based
12.7.2. Solvent-Based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heavy Duty Coating Demand Share, 2019-2026
13. Middle East & Africa Heavy Duty Coating Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heavy Duty Coating Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heavy Duty Coating Market Size and Volume Forecast by Application
13.4.1. Energy
13.4.2. Transportation
13.4.3. Municipal
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy Duty Coating Market Size and Volume Forecast by Type
13.7.1. Water-Based
13.7.2. Solvent-Based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heavy Duty Coating Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy Duty Coating Market: Market Share Analysis
14.2. Heavy Duty Coating Distributors and Customers
14.3. Heavy Duty Coating Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Evonik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TOA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chemicar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Continental Coatings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. YUNG CHI PAINT & VARNISH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. 3M
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Teknos
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sealbond
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
